A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $38,000, and paid cash for taxes, $28,000. At the beginning of the year, customers owe the company $3,300. By the end of the year, customers owe $5,100. At the beginning of the year, the company taxes of $3,200. At the end of the year, the company owes taxes of $5,.200 Determine cash-basis net income and accrual-basis net income for the year Net Income Cash-basis net income Accrual-basis net income Exercise Diiulty, 3 Hard L Learning Objective: 03-02 Distinguish 0 OOO F4 F2 F3 FS 2 3 4 a W E